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ICOM Part 2 English Medium Principles of Banking Chapter 11 MCQ's Test
Start Chapter 11 TestICOM Part 2 Principles of Banking Chapter Wise Online MCQ's Test
MCQ's Test For Chapter 0 "Principles of Banking Icom Part 2 English Medium Chapter 11 Online Test"
Try The MCQ's Test For Chapter 0 "Principles of Banking Icom Part 2 English Medium Chapter 11 Online Test"
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Total Questions15
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Time Allowed20
Principles of Banking Icom Part 2 English Medium Chapter 11 Online Test
00:00
Question # 1
Which of the following is used to finance the people who want to travel abroad
Question # 2
I Owe You is a written instrument drawn by
Question # 3
Stock certificate is a document issued by
Question # 4
The first stage or step between importer and exporter for the purpose of sale and purchase is:
Question # 5
What is recieved by the post office on money order:
Question # 6
Which of the following gets facility due to commercial letter of credit:
Question # 7
Which one can be crossed :
Question # 8
If the exporter is not the receiver (beneficiary) of money then a letter of credit is called:
Question # 9
What does the bank receive on issuing a letter of credit:
Question # 10
Where are the stock certificates sold and bought
Question # 11
Which of the following is a non-commercial letter of credit
Question # 12
Which letter of credit is automatically renewed by fulfilling certain conditions
Question # 13
The letter of credit which can be endorsed to another person is called:
Question # 14
IOU is a document
Question # 15
Which of the following parties of a letter of credit is called beneficiary
ICOM Part 2 English Medium Principles of Banking Chapter 11 MCQ's Test
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ICom Part II Principles of Banking (E.M) Chapter 0 Important MCQ's
| Sr.# | Question | Answer |
|---|---|---|
| 1 | Which letter of credit is automatically renewed by fulfilling certain conditions |
A. Fixed
B. Documentary
C. Confirmed
D. Revolving
|
| 2 | Commercial letter of credit is issued for the facilty of: |
A. Ambassadors
B. Common people
C. Businessmen
D. Alll of the above
|
| 3 | Which letter of credit is issued for a single or particular transaction: |
A. Fixed
B. Revocable
C. Red clause
D. Green Clause
|
| 4 | Which letter of credit is accompanied by some documents |
A. Confirmed
B. Documentary
C. Non-documentary
D. All the above
|
| 5 | If there is no guarantee to honour a letter of credit then it is called: |
A. Confirmed letter of credit
B. Irrevocable letter of credit
C. Unconfirmed letter of credit
D. None of the above
|
| 6 | Which of the following gets facility due to commercial letter of credit: |
A. Home traders
B. Exporter
C. Importer
D. Both exporter and importer
|
| 7 | Which of the following is a non-commercial letter of credit |
A. Irrevocable letter of credit
B. Red-clause letter of credit
C. Special letter of credit
D. Traveller's letter of credit
|
| 8 | Stock certificate is a document issued by |
A. Commercial bank
B. Central bank
C. Limited companies
D. Stock-market
|
| 9 | What does the bank receive on issuing a letter of credit: |
A. Profit
B. Interest
C. Commission
D. Duty
|
| 10 | The important types of banker's letter of credit: |
A. Two
B. Three
C. Four
D. None of these
|
Test Questions